Mr. Chorek utilizes his unique Trend-Rhythm-Structure Model to formulate a concise and thorough examination of price action.

TREND (direction)

All markets trend. A quick study of any market's daily bar chart shows trends developing on different timeframes. Demarcation of timeframes are:

	Macro-term (decades to years)
	Long-term (years to months)
	Intermediate-term (months to weeks)
	Short-term (weeks to days)
	Minute-term (days to hours)
	Micro-term (hours to minutes)

There are different methods to identify the direction of the various trends. Primary tools are trendline analysis, channeling techniques, moving averages, and Dow Theory. These may seem too basic to the seasoned analyst or trader, but they remain foundational to any logical trading plan.

RHYTHM (beat)

The next factor of the Chorek model is the periodicity of swings along the trend. Markets rarely move in a straight line but rather oscillate around a trend. Often, these oscillations have a regular beat or a fixed rate of occurrence. Knowledge of these beats can obviously fine-tune entry into a trend. The primary tool for rhythm analysis is the Hurst cycle model, but also momentum indicators are of great aid when the beats become irregular. Different methods of enveloping market action help in rhythm discovery.

STRUCTURE  (pattern)

With trends and rhythm defined, we then delve into their internal composition. The analyst must look for clues that foretell the continuance or reversal of these trends. The primary tool is Elliott Wave analysis. Using the wave sequence models as a general map, the analyst should attempt to identify the current position along the market's route with the trend. Then, he should define occurrences that will imply a move from that position, whether it is along our designated route or a departure. These events may be the violation of important Fibonacci retracement levels or a hint of what wave patterns should unfold under a given scenario. The analyst should also be cognizant of important intersection points and traditional (Edwards and Magee, Schabacker) pattern analysis.

MOOD (psychology)

Market action is nothing more than a reflection of the changes in its participants' expectations. To help measure this mood of the market, we need to be cognizant of the market participants' focus. We must know what factors have caused the market to move recently and what upcoming events could drive future moves. The constant monitoring of the market's reaction or failure of reaction to these factors will indeed give us clues as to the health of the underlying trends. A final step will be foretelling of fundamentals based on our assessment of the market's trend.

ACTION (money management)

Managing the funds is the central and most important pillar which upon a consistently profitable trading endeavor stands. While an assessment and summarization of the four other columns will help in the development of a generalized trading plan, good money management is paramount in achieving success. Chorek.com, Inc. offers analysis of the markets, but only you can develop good money management skills.